Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    32 Lowell St Reading, MA 01867-2621

    • Theaters & concert halls
    • 7,041 SF
    • 0.49 lot acres
    OFF-MARKET
    Value Estimation
    $530,000
    Last Sale
    Apr 02, 2024
    $505,000
    Location Intelligence
    Property ID
    US38-1739278
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Northeast Youth Ballet / Ballet School

    Property Details for 32 Lowell St

    Year built
    1917
    Lot size
    0.49 lot acres
    Property size
    7,041 SF
    Zone code
    S15
    Property type
    Theaters & concert halls
    APN
    READ M:021.0-0000-0228.0
    APU
    READM0210000002280

    Description

    This exceptional 7,041 square foot building, located at 32 Lowell Street in Reading, Massachusetts, presents a unique investment opportunity. Built in 1913 and designed by George H. Sidebottom in the Late Gothic Revival style, this limestone and granite structure boasts timeless architectural charm. Currently zoned S15, the property offers versatile usage potential for a variety of special purpose applications, including its previous uses as a church and, more recently, a fine arts school. Situated on a sizable 21,175 square foot lot, the property provides ample space for both interior and exterior activities. While the stone facade requires repair or replacement, the building is being sold "as is," offering a chance for customization and renovation. The property is listed on the Massachusetts Historic Register, adding to its unique appeal. The building features two stories and a total of 7,041 square feet of net rentable space. The seller is targeting a June 30, 2025 occupancy date. This prime location within the Boston MSA area presents a compelling opportunity for investors and developers seeking a historic property with significant potential. The property's rich history and versatile zoning make it an ideal candidate for adaptive reuse.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $505,000

    • CAP approach

      CAP return
      Estimation
      6%
      $565,000
      6.5%
      $535,000
      7%
      $585,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $590,000
      Geo Method
      $535,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $530,000
      Retail
      $600,000
      Mixed-Use
      $690,000
      Hospitality
      $575,000
      Educational
      $550,000
      Residential Income
      $685,000
      Energy
      $600,000
      Income-Based Land
      $650,000
      Food Service
      $495,000

    Location Insight

    • Map
    • Local Demand
    City
    Reading
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.1045
    Latitude
    42.526
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $10,153
    $415,600
    $370,200
    $785,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      500 SF

      Reading, MA 01867

      FISH CAMPS, GAME TARGET SHOOTING • 500 SF
      Reading, MA 01867
      View Details
    • Value Estimation
      $250,000
      1.80 Acres

      288 Grv St

      GOLF COURSE • 1.80 Acres
      288 Grv St, Reading, MA 01867
      View Details
    • Value Estimation
      $295,000
      75.54 Acres

      288 Grv St

      GOLF COURSE • 75.54 Acres
      288 Grv St, Reading, MA 01867
      View Details
    • Value Estimation
      $355,000
      4,000 SF

      62 Range Rd

      FISH CAMPS, GAME TARGET SHOOTING • 4,000 SF
      62 Range Rd, Reading, MA 01867-1861
      View Details
    • Value Estimation by Request
      0.53 Acres

      Collins Ave

      CHARITABLE ORGANIZATION • 0.53 Acres
      Collins Ave, Reading, MA 01867
      View Details
    • Value Estimation by Request
      8.68 Acres

      Line Rd

      CHARITABLE ORGANIZATION • 8.68 Acres
      Line Rd, Reading, MA 01867
      View Details

    Similar Nearby for Sale

    • $924,900

      Meticulously Maintained Two-Family Home

      Two-family home near downtown, commuter rail, and schools.
      856 Main St, Reading, MA 01867
      View Details
    • $899,000
      2.00 Acres

      Buildable Lots in Desirable Reading

      Two buildable lots with approved plans near downtown Reading.
      246 Walnut St, Reading, MA 01867
      View Details
    • $810,000

      Antique Colonial Two-Family Home

      Classic two-family home near Memorial Park and Reading town center.
      52 Salem St, Reading, MA 01867
      View Details
    • $1,450,000
      4,568 SF

      Colonial Building Near Commuter Rail

      Charming colonial building with approved variance for medical or wellness.
      107 Woburn St, Reading, MA 01867
      View Details
    • $149,900
      3.85 Acres

      Reading, MA Land Opportunity

      Land with future potential in Reading, Massachusetts.
      Off Charles St, Reading, MA 01867
      View Details

    Similar Nearby for Lease

    • $2,800 /Mo

      Versatile Space in Reading Center

      2164+SqFt space in Reading's vibrant town center available for lease.
      11 Sanborn 1, Reading, MA 01867
      View Details
    • $5,500 /Mo

      Versatile Space in Reading Town

      Adaptable space in a vibrant downtown location, suitable for various businesses.
      11 Sanborn 1&2, Reading, MA 01867
      View Details
    • $2,700 /Mo

      Versatile Space in Vibrant Town

      Bright, flexible space in Reading's town center, suitable for various uses.
      11 Sanborn 2, Reading, MA 01867
      View Details
    • $800 /Mo

      Prime Office Space Available

      Office space in Route 93 Corridor, ideal for professionals.
      274 Main St, Reading, MA 01867
      View Details
    • $1,100 /Mo

      Office Space Near Tewksbury Center

      Modern office space with high visibility and convenient highway access.
      725 Main St, Tewksbury, MA 01867
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    32 Lowell St
    Reading, MA 01867-2621
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.